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Zepto targets $7 billion valuation with $450 million raise led by CalPERS
Zepto seeks $400–450 million funding at a $7 billion valuation led by CalPERS to expand AI-driven delivery and cold-chain operations.
Quick-commerce startup Zepto plans to raise $400–450 million at a $7 billion valuation in a new funding round led by CalPERS and existing investors. The deal includes a $350 million primary issuance and secondary share sales for early backers. Zepto was last valued at $5 billion after its $1 billion Series E in 2024. Funds will expand AI-based logistics and cold-chain efficiency in Tier-1 cities.